Income Tax News


GST not to be added for TDS computation : CBDT

   20 July 2017 at 11:28

F. No. 275/59/2012-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiCircular No. 23/2017Dated: 19th July, 2017 Subject: Modification of Circular No.1 of 2014 in view of substitution o

Posted in Income Tax |   8664 Views


IT Dept pushes additional cases of High Cash Deposits

   17 July 2017 at 10:53

Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money. The Income Tax Department (ITD) has used information received under the Statement of Financial Transactions (SFT) to identify 5.56 lakh new

Posted in Income Tax |   4656 Views


New taxpayer service Aaykar Setu launched

   11 July 2017 at 11:08

FM launches a new tax payer service module �Aaykar Setu� that compiles various tax tools, live chat facility, dynamic updates, and important links to various processes within the Income Tax Department in a single module; Says that this e

Posted in Income Tax  2 comments |   4551 Views


Direct tax collection grows by 14.8 percent

   07 July 2017 at 10:44

Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at Rs.1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Bu

Posted in Income Tax |   2637 Views


Procedure of intimating AADHAAR number to Income Tax Department

   03 July 2017 at 11:03

Procedure of intimating AADHAAR number to Income Tax Department

Posted in Income Tax |   4593 Views


CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act

   20 June 2017 at 11:11

CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act, 1961. Rule 10CB for operationalising the provisions of secondary adjustment has been notified by the Central Board of Direct Taxes on 15th June, 2017. It prescribes the t

Posted in Income Tax |   5619 Views


CBDT notifies new Safe Harbour Regime

   09 June 2017 at 11:22

In order to reduce transfer pricing disputes, to provide certainty to taxpayers, to align safe harbour margins with industry standards and to enlarge the scope of safe harbour transactions, the Central Board of Direct Taxes (CBDT) has notified a new

Posted in Income Tax |   5379 Views


Chargeability to STT for claiming exemption

   07 June 2017 at 11:02

CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply. Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amen

Posted in Income Tax  2 comments |   3402 Views


CBDT extends due date of SFT filing to 30th June

   31 May 2017 at 17:42

Order under Section 119 of the Income Tax Act, 1961

Posted in Income Tax  1 comments |   18096 Views


CBDT issues clarification on furnishing SFT and SFT Preliminary Response

   26 May 2017 at 17:22

Central Board of Direct Taxes (CBDT) Issues Clarification on furnishing Statement of Financial Transaction (SFT) & SFT Preliminary Response Section 285BA of the Income-tax Act, 1961 requires furnishing of a Statement of Financial Transaction (SFT

Posted in Income Tax  11 comments |   22665 Views



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